VIDEO: Create Allowances

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The central allowance records hold information regarding additions to the pay such as travel allowance, and deductions from the pay such as staff club fees. These can be applied automatically to selected employees, every time their pay slip is produced.

You may edit existing allowance records or create your own if the existing records do not cover your employees. The allowance records are managed via the Allowances option of the Setup menu. It is best to create the allowance records before setting up the employee files, although it is easy to create allowances later, if required. The following will outline steps to create an Allowance.

Navigate to Setup > Allowances

Click Add to display the Wizard to appear

Select Next at the Allowance Wizard's welcome screen

Choose Standard Allowance or Unit Based Allowance

Complete the Allowance Details

Description: Enter a description of the allowance

Type: Select if it’s a deduction or addition

Addition: Select this option if you want the amount to be added to the employee's pay

Deduction: Select this option if you want the amount to be deducted from their pay

Amount: Enter the allowance amount

Minimum: Leave as $0

Maximum: Leave as $0

Frequency: Select how this allowance is paid (eg Each pay period, Hourly, Each shift, etc)

Taxed: Check this box if the allowance is to be taxed

Include in Super Calculation: Check if the allowance if super is to be paid on this amount

At the ATO Payment Summary screen, make your selection. We recommend you check with your accountant if the allowances need to be shown on the ATO Payment Summary. Otherwise leave both options unchecked

Leave as default because you are using Agrimaster as the accounting system - the allowance account code can be set in Agrimaster. Click Next

Select Finish to confirm the new allowance created

The Allowance screen will list the newly created allowance. Click Close to complete the process